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The bill "On Amendments to Laws" (concerning tax relations) has been adopted by deputies in the first reading, reports a BELTA correspondent.
Tax policy in 2026 will be aimed at ensuring the sustainable fulfillment of budgetary expenditure commitments. The Standing Commission of the House of Representatives on Budget and Finance has outlined the basic measures planned for budget revenue consolidation.
These include a differentiated increase in excise tax rates on fuel and tobacco products, taking into account international obligations, and an expansion of the list of excisable goods; indexing of tax rates set in absolute amounts to the projected inflation level in 2026 (land tax, property tax, environmental tax, gambling tax, transport tax, personal income tax). The bill also envisages the transformation of certain ineffective tax incentives into reduced rates and the cancellation of ineffective tax incentives; bringing the Tax Code into line with current legal norms affecting various spheres; and adjusting the rights of tax authorities regarding tax control. To enhance budget revenue, it is proposed to increase coefficients for calculating property tax on expensive real estate owned by individuals and to establish higher rates of income and transport taxes on super-incomes and luxury motorcycles.
Within the framework of the proposed changes, the tax burden in 2026 is projected to be 25.7% of GDP. In general, the bill addresses problematic tax issues based on the results of its practical application, further simplifies the calculation and payment procedures for specific taxes, optimizes tax incentives, improves tax administration, and facilitates taxpayers' understanding of the provisions of the Tax Code of Belarus.